Goldman Sachs’ profit more than doubles to $3B as Wall Street dealmaking rebounds
Goldman Sachs’ profits surged more than 150% in the second quarter, beating analysts’ expectations but down from a strong first quarter that saw the bank post its highest revenue since 2021. Goldman Sachs Chief Executive David Solomon, who has come under fire for losing talent and a failed retail banking venture, sees the Wall Street […]
Wells Fargo kicks off our bank earnings Friday. Rate cuts and dealmaking will be in focus this season – CNBC
What a difference a year makes! The club that owns Wells Fargo will report its quarterly results on Friday, and another financial holding, Morgan Stanley, will report on Tuesday. The industry’s first-quarter results will be against a more favorable backdrop than last year, when the collapse of Silicon Valley Bank in March 2023 sent shockwaves […]